Catenai PLC revenue rises to £146,709 as first-half loss narrows
The AIM technology company's June 30 cash stood at £467,979, while its renewed sports services contract carried no disclosed value.
Julian Okafor
Half-year revenue rose to £146,709 from £7,600, but the Sept. 30 financial overview does not split the increase by customer or contract. Catenai PLC LONCTAI, the AIM-quoted digital media and technology services provider with investments in private AI businesses, reported a £78,494 loss for the six months ended June 30, 2026, against £221,308 a year earlier. The results were released on Sept. 30.
Shares were quoted at 0.12 pence on AIM on the London Stock Exchange page at 8:39 a.m. BST on Sept. 30. Catenai had £467,979 in cash at June 30, down from £586,446 at the end of 2025. Management forecast its available resources would cover at least 12 months.
The April 20 contract renewal extended Catenai's IT services work for Charlton Athletic Community Trust by 12 months. The Sept. 30 financial overview says Catenai continues to serve its sports-sector customer but does not allocate first-half revenue by customer. The April notice gave no contract fee.
The interim balance sheet records £1.2 million of investments. Catenai's update separately discusses Alludium, a privately held AI software developer in which it has invested, and Klarian, a privately held infrastructure analytics developer. Catenai says Klarian and pipeline inspection partner ROSEN aim to identify a pipeline and begin a pilot in the fourth quarter of 2026.
Higher Revenue Narrows the Operating Loss
Revenue was about 19 times the year-earlier £7,600. The £146,709 half-year total also exceeded the £71,350 Catenai reported for all of 2025 in its annual results. Administrative expenses edged up to £237,175 from £228,994 in the comparable half. The operating loss narrowed to £90,466 from £221,394 as the sales increase outpaced that spending.
Bank interest of £11,972 brought the pre-tax and comprehensive loss to £78,494 in the latest half, according to the Sept. 30 statements. The comparable interest figure was £86. No tax charge was reported for either half-year period, so the net loss equals the pre-tax loss in both.
The balance sheet shows £2,383,546 in net assets at June 30. Catenai had £2,462,040 at the end of 2025. It also records £1.2 million of investments and £780,060 of trade and other receivables at June 30. Those balances are part of the net asset figure but are distinct from the cash available to pay bills or make further investments.
"The Company continues to carefully manage its working capital position and considers that the existing resources available to it will be sufficient for at least 12 months," Catenai said in its Sept. 30 report.
The cash balance is a point-in-time figure, while the 12-month runway is management's forecast. The financial overview does not set out a spending schedule behind that estimate, and cash was £118,467 lower than at the end of 2025. Subsequent cash reports and investment commitments will test the forecast. Mugglehead covered Exascale Labs' annual results on Sept. 29.
Read more: Exascale Labs Holdings revenue rises 111 per cent to US$14.8M as loss widens
Charlton Renewal Carries No Disclosed Value
Catenai's April renewal extended the IT services contract for 12 months, but the announcement gives neither an annual fee nor a minimum payment. The named customer was Charlton Athletic Community Trust. Catenai's Sept. 30 financial overview says it continues to serve its sports-sector customer without saying whether the renewed contract accounts for the first-half increase.
Catenai's March 19 announcement said its investee Alludium had its first paying customers after a March 10 commercial launch, without giving payment amounts. Catenai's Sept. 30 Alludium update gives no sales figure for the investee. It says Alludium had expanded its design-partner programme to four institutional venture capital firms.
Sure Valley Ventures was an early design partner whose feedback informed an enhanced version of Alludium's platform during the half, Catenai said. The Alludium section says it will deepen engagement with existing design partners and expand its pipeline of prospective institutional customers.
Klarian Targets a Fourth-Quarter Pilot
In April, Catenai said Klarian would repay £699,160 due under a convertible loan note by May 15, 2026, plus an accruing fee, while warning payment was uncertain. The Sept. 30 financial overview says note discussions continue but states neither a revised amount nor a new deadline. That leaves the recovery date for money owed to Catenai unresolved in the financial overview.
Catenai said Klarian's satellite analytics programme had reached final approval stages with a major Space Agency. It separately reported discussions with UK water companies and said Klarian's work with ROSEN had advanced toward potential pipeline deployments. The Sept. 30 Klarian update gives no signed deployment value for those programmes.
The next dated test is the fourth quarter of 2026, when Catenai says Klarian and ROSEN aim to identify a pipeline and begin a pilot. The Sept. 30 Klarian update gives neither a specific start date nor a commercial value for the pilot.
